The Leeds housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 3.4% in the past month. With 3.5 months of supply, Leeds's inventory levels remain relatively tight. Homes are now taking an average of 66 days to sell, significantly longer than the 42 days typical for this market. A significant 36.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 13.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Leeds market with the affordability index at 197.3. Based on current market indicators, home prices in Leeds are projected to increase by approximately 8.9% over the next month.
Leeds, AL has a total population of 13,161 residents. The area is predominantly White (79.1%), The African American population is 13.2%. The area shows moderate demographic diversity. As a smaller community, Leeds, AL offers a close-knit residential environment.
Crime analysis for Leeds, AL shows 176 total incidents across all categories. The most prevalent crime type is Property Crime (54.5% of all incidents). This is followed by Assault at 26.1%. The crime rate in Leeds, AL is relatively low, with violent crimes being more common than property crimes. This suggests Leeds, AL is generally a safe area for residents and visitors.
Market predictions for Leeds, AL show an upward trend in home prices, with values increasing by 3.5%. This suggests a gradual price adjustment in the market. The current median home price in Leeds, AL is approximately $332,255.485. The stable price trend suggests a balanced market in Leeds, AL, suitable for both buyers and sellers.
Leeds, AL features 1 investment hotspots with varying levels of activity. The average nightly rate of $104 suggests an affordable market for travelers. The average rating of 3.9/5 indicates moderate guest satisfaction. With an average hotspot score of 0.69, these areas show good investment opportunities. With only 3 hotels, this represents an emerging market with potential for growth.
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